This has happened before.

Just a reminder that this is not the first time we've seen losses of 50% or more. Pulling data from coinmarketcap.com:

  • Bitcoin hit a high of $147.49 on 4/29/13 and a low of $65.53 on 7/5/13, for a total drop of -56%.
  • Bitcoin hit a high of $1156.12 on 12/4/13, and a low of $171.51 on 1/14/15, for a total drop of -85%.
  • Ether hit a hit of $3.54 on 8/7/15, and a low of $0.42 on 10/22/15, for a total drop of -88%.
  • Ether hit a high of $15.79 on 6/22/16, and a low of $5.98 on 12/6/16, for a total drop of -62%.
  • Ether hit a high of $414.76 on 6/12/17, and a low of $133.72 on 7/16/17, for a total drop of -68%.

How does that compare to our current market?

Bitcoin hit a high of $20,089 on 12/17/17 and is currently at $6,756.03, for a drop of -66%.

Ether hit a high of $1417.38 on 1/10/18 and is currently at $657.12, for a drop of -54%.

This is not the end of the world. We'll make it through this.

Hodl strong my friends.

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